Warren Buffett was paid less:
a. Than the average employee of his company.
b. Than the other officers of his company.
c. Than only one other CEO.
d. None of the above
.B
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Which of the accounts below would not appear in the balance sheet columns of the worksheet?
A) Chad Daniels, Drawing B) Rent Earned C) Unearned Revenue D) Chad Daniels, Drawing and Unearned Revenue
Which of the following describes the primary benefit crowdsourcing provided Local Motors? When building a new sports car, the company focused on designing essential parts like the engine and chassis that require expertise, while Local Motors had its community of hobbyists, designers, and engineers compete to design secondary exterior parts.
a. They rapidly increased the number of employees working for the company. b. They raised money quickly to fund their development. c. They saved labor costs while improving efficiency. d. They were able to employ 3D design software
Suzette was a financial planner with ABC Financial. Suzette decided to do some financial planning on the side in the evenings and on weekends for a competitor of ABC Financial. ABC Financial is unaware of Suzette's after-hour work. Which statement is correct?
a. Suzette has not breached a fiduciary duty to ABC Financial since her consulting is done after her work for ABC Financial. b. Suzette has not breached a fiduciary duty to ABC Financial since her behavior does not reflect badly on the finance firm. c. Suzette has not breached a fiduciary duty to ABC Financial since Suzette has a contractual relationship with her clients, not her employer. d. Suzette has breached a fiduciary duty to ABC Financial since she is competing with ABC Financial.
Rhed Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During December, the kennel budgeted for 4600 tenant-days, but its actual level of activity was 4550 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for December:Data used in budgeting: Fixed element per monthVariable element per tenant-dayRevenue - $35.70? Wages and salaries$4000? $9.50?Food and supplies 2300? 14.70?Facility expenses 10,000? 6.20?Administrative expenses 8000? 0.80?Total expenses$24,300? $31.20??Actual results for December: Revenue$161,570?Wages and salaries$47,510?Food and supplies$68,065?Facility
expenses$38,400?Administrative expenses$8620?The activity variance for administrative expenses in December would be closest to: A. $40 U B. $3060 F C. $40 F D. $3060 U